Regulatory Alerts2015-12-17
Instruction No. 2015-I-27 of December 17, 2015, regarding the ACPR authorization procedure for publishing a Single Solvency and Financial Condition Report (SFCR) at group level, as amended by Instruction No. 2024-I-11
The Prudential Control and Resolution Authority (ACPR) mandates that participating and parent insurance entities submit a written authorization request at least five months before the end of the relevant financial year to publish a Single Solvency and Financial Condition Report (SFCR) at the group level. The application dossier must detail the SFCR's coverage perimeter, justify the sufficiency of treatment for each subsidiary, describe the preparation and approval processes, outline the report's content structure, and present translation arrangements. This instruction, which entered into force on January 1, 2016, and was amended in October 2024, requires submissions to be made electronically via the ACPR portal.
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